What a difference a year makes. On Jan. 1 of last year, the market was pricing in an earnings recession — an expectation that earnings would fall dramatically in 2019. Stocks were cheap. When the market realized a recession was not imminent, stocks took off. Fast forward one year and the opposite is happening. “The
Elon Musk attends the groundbreaking ceremony of the Tesla Gigafactory in Shanghai, east China, on January 7, 2019. Ding Ting | Xinhua News Agency | Getty Images Check out the companies making headlines midday Thursday: Tesla — Tesla rose 1.6% in midday trading after Canaccord Genuity reiterated its buy rating of the electric car maker’s
Young african woman holding home keys while hugging boyfriend in their new apartment after buying … [+] real estate. Lovely girl holding keys from new home and embracing man. Happy couple in their apartment around cardboard boxes. Getty People ask me financial planner questions all the time. I’m a mortgage guy, ask me mortgage questions and
The severe shortage of homes for sale is upending the sales calendar for the whole housing market. Spring has historically been the busiest buying season, but as competition for homes heats up across the country, January is the new April. Spring starts now. The numbers are telling. From 2015 through 2018, the peak month for
I’ve got a question for you. How many shares are you trading currently on per trade basis? How do you decide that? Well, there’s a lot of people out there that wonder exactly this “How many shares should they trade” Should I trade 2 percent of my account size? Or just always trade 100 shares
The Ethereum Network was the target of a coordinated attack in recent days, affecting client platform Parity, which threatened to cause significant downtime. Malicious Attack to Undermine Ethereum Network The attack began on December 30 when invalid blocks were sent to the network, which caused node operators using the Parity client, which handles over $50
Market Moves The S&P 500 (SPX) closed 1% higher as buyers, for the most part, resumed the demand for stocks they showed throughout 2019. Despite the optimistic start for 2020, investors took profits in some industry groups, such as retail stores, demonstrating subtle signals that market turbulence may be just over the horizon. The move
US regulators have unveiled long-awaited restrictions on some flavoured e-cigarettes in an attempt to contain an “epidemic” of teenage vaping, while stopping short of an outright ban, in a decision criticised by public health campaigners. Companies have been given 30 days to cease the manufacture, distribution and sale of cartridge-based flavoured versions under a Food and
Still from “The Mandalorian” on Disney+. Disney Disney shares were on the rise to kick off 2020 after some Wall Street analysts estimated significant growth from its new streaming service and recommended clients keep buying the stock. Rosenblatt Securities analyst Bernie McTernan expects Disney+ to attract 25 million users by the end of the first
Ethereum has completed its second hard fork in less than 30 days. With the mining of block 9,200,000, the Muir Glacier upgrade has been implemented on the network. The block was mined today at 8:30 UTC. As of press time, 92 percent of ethereum clients were synced with the new upgrade, according to Ethernodes. First
With 2019 vanishing in the rear view mirror, Markets Daily is back for an insightful look into Central Bank Digital Currencies (CBDCs) and the US Dollar’s ongoing reserve status. Tune in as CoinDesk podcasts editor Adam B. Levine and senior markets reporter Brad Keoun run down recent action, track interesting longer-term trends, and highlight the
My conclusions: while the S&P 500 Index was up approximately 25% over the year, this in no way indicated that widespread rumors of recession were false. Instead, as I discuss on the Peter Leeds YouTube channel, I believe that the U.S. Federal Reserve simply managed to postpone the inevitable a little while longer by pumping
The new catchphrase in UK Prime Minister Boris Johnson’s government is “levelling up”. It describes the ambition to raise the level of economic performance in all parts of the country towards those of London. In his New Year message, Mr Johnson promised his government would be “spreading opportunity to every corner of our country” in
The municipal bond market eclipsed the $400 billion mark for the fourth time since 2010, thanks to taxable trend that led to a vault in fourth quarter volume. Municipal issuance picked up the pace in December to the tune of $40.79 billion, with taxable bonds accounting for about a quarter of the month’s supply. For
A Kiawah River home typical of its Southern location. Photo courtesy of Julia Lynn As our society becomes more and more divided politically, people seem to want to connect more and find communities where they can interact with others in a friendly way. After living in a large isolated house for many years myself, I
Binance.US, the United States-based branch of crypto exchange Binance, has opened beta testing of its iOS app to all users following a successful private trial in December. Binance announced the open beta test in a tweet on December 30, giving clients a chance to trial the new platform as well as providing the exchange with
The investment landscape can be extremely dynamic and ever-evolving. But those who take the time to understand the basic principles and the different asset classes stand to gain significantly over the long haul. The first step is learning to distinguish different types of investments and what rung each occupies on the “risk ladder.” Key Takeaways
The young leader of Austria’s conservative People’s party, Sebastian Kurz, is to return to the chancellorship as the world’s youngest head of government in a new coalition with the country’s resurgent Green party. A deal between the People’s party — which won 37.5 per cent of the vote in late September’s snap election — and
As we get ready to say goodbye to the 2010s, CNBC.com is taking a look back at the key players, events and transformations from Wall Street to Silicon Valley to corporate America to the White House that shaped a “Decade of Disruption.” In the lead-up to New Year’s Day 2020, CNBC’s online journalists will be
Tom Shaughnessy is a co-founder of Delphi Digital as well as the host of the Chain Reaction podcast. Jordan Clifford is managing director of Scalar Capital. In this end of year interview for The Breakdown, Tom argues that the big story of 2019 was actually the fact that it was all about “quiet” building. When
On today’s holiday episode of Markets Daily, we celebrate the new year with a classic song from the early days of bitcoin, written and performed by my good friend John Barrett. “Ode to Satoshi” may be purchased from CD-Baby or streamed on YouTube. Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives
As I discussed recently on the Peter Leeds YouTube channel, I believe that 2020 will be the year that debt starts to matter again. In other words, as debt levels continue to surge and interest rates become too high to cover, we’ll see a wave of bankruptcies occurring not only among consumers but on the
The world’s largest listed oil producer has the world’s largest carbon footprint. Yet it is set to do less than smaller peers to contain global warming. Saudi Aramco has not set any obvious reduction targets. Its leadership in the Opec cartel hands it an inherent limit on production plus it has very low costs. This
Puerto Rico bankruptcy judge Laura Taylor Swain extended the mediation and stay periods for Puerto Rico’s central government debt by about a month. Swain issued her order Friday afternoon in Puerto Rico District Court. Mediation Team Leader Barbara Houser said that mediation has recently been “productive” and should be given more time. On Dec. 23
Share to facebook Share to twitter Share to linkedin Miami Skyline with palm trees Getty Art is fast becoming Miami’s must-have amenity in luxury real estate. Miami developers and real estate agents are targeting art collectors as buyers for their new oceanfront condominium towers and multi-million dollar homes. It’s not surprising Miami is home
11 Mins Ago Singapore has emerged as the top investment prospect for property in Asia Pacific, according to a new report from PwC and the Urban Land Institute. This is no mean feat for the land-scarce country, which has experienced several subpar years, ranking as low as 21 in 2017. CNBC’s Nessa Anwar visits the
2019 has been a bit of a rollercoaster ride for those in the crypto sphere, and one thing that is on the mind of many is the upcoming Ethereum fork in January. As everyone knows, a hard fork is one of the most crucial events in the lifetime of any cryptocurrency, and when it happens
2019 was a dynamic and unpredictable year across the investing and financial services landscapes. With a boatload of uncertainties still adrift in this new year and decade, expect 2020 to be just as tumultuous. Still, it’s a great time to be an investor and a market participant. Here’s how major asset classes performed in 2019:
The US national security adviser has warned that any North Korean intercontinental ballistic missile test would complicate negotiations between Washington and Pyongyang aimed at denuclearising the Korean peninsula. In an interview with the Financial Times as Pyongyang ratcheted up its bellicose rhetoric ahead of a New Year speech by Kim Jong Un, North Korean dictator,
Swedish climate activist Greta Thunberg at COP 24, the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change. Katowice, Poland on 5 December, 2018. Photo by Beata Zawrzel/NurPhoto via Getty Images Investing for climate change had been a niche on Wall Street, often generating sub-par returns, but in the coming